JPMorgan Chase & Co. Boosts Stock Position in Graham Holdings (NYSE:GHC)

JPMorgan Chase & Co. raised its position in Graham Holdings (NYSE:GHC - Free Report) by 10.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 21,128 shares of the company's stock after buying an additional 1,941 shares during the quarter. JPMorgan Chase & Co. owned about 0.49% of Graham worth $17,361,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Franklin Resources Inc. boosted its stake in shares of Graham by 8.6% in the third quarter. Franklin Resources Inc. now owns 10,311 shares of the company's stock valued at $8,344,000 after buying an additional 819 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Graham by 175.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 1,162 shares of the company's stock worth $813,000 after purchasing an additional 740 shares in the last quarter. Autumn Glory Partners LLC boosted its position in shares of Graham by 100.0% during the 3rd quarter. Autumn Glory Partners LLC now owns 4,342 shares of the company's stock worth $3,568,000 after purchasing an additional 2,171 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Graham by 558.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 79 shares of the company's stock worth $65,000 after purchasing an additional 67 shares during the period. Finally, Intech Investment Management LLC purchased a new position in shares of Graham in the 3rd quarter valued at about $453,000. Hedge funds and other institutional investors own 93.16% of the company's stock.

Insider Activity

In other news, CAO Marcel A. Snyman sold 159 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $881.30, for a total value of $140,126.70. Following the sale, the chief accounting officer now directly owns 442 shares in the company, valued at $389,534.60. This represents a 26.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 32.30% of the company's stock.

Graham Price Performance

NYSE GHC traded down $24.23 during mid-day trading on Friday, hitting $850.73. The stock had a trading volume of 15,843 shares, compared to its average volume of 16,489. The company has a 50 day simple moving average of $910.18 and a 200 day simple moving average of $817.31. The company has a market cap of $3.69 billion, a price-to-earnings ratio of 16.66 and a beta of 1.14. Graham Holdings has a 52-week low of $664.85 and a 52-week high of $974.00. The company has a quick ratio of 1.34, a current ratio of 1.57 and a debt-to-equity ratio of 0.18.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Graham from a "hold" rating to a "buy" rating in a research report on Monday, November 4th.

About Graham

Graham Holdings Company, through its subsidiaries, operates as a diversified education and media company in the United States and internationally. It provides test preparation services and materials; professional training and exam preparation for professional certifications and licensures; and non-academic operations support services to the Purdue University Global; operations support services for online courses and programs; training and test preparation services for accounting and financial services professionals; English-language training, academic preparation programs, and test preparation for English proficiency exams; and A-level examination preparation services, as well as operates colleges, business school, higher education institution, and an online learning institution.